Tag Archives: Silicon Valley

Credit picture to: CC(Paul May) In an article published on Medium, “Universal Basic Income Is Silicon Vallaey’s latest Scam”, Douglas Rushkoff maintains that “The plan is no gift to the masses, but a tool for our further enslavement”. Rushkoff was once a supporter of universal basic income (UBI), he says, but during a talk at Uber’s headquarters, with Uber management itself

Successful entrepreneur Stewart Butterfield, co-founder of online photo-sharing application Flickr and creator of the popular business communications system Slack, has spoken out on Twitter in favour of universal basic income. On 4 August 2017, Butterfield stated that “giving people even a very small safety net would unlock a huge amount of entrepreneurialism”. He was responding to Austen Allred, the founder

Elon Musk says, “There’s a pretty good chance we’ll end up with a universal basic income, or something like that, due to automation. I’m not sure what else one would do. I think that is what would happen.”

In recent months, Basic Income News has covered multiple articles that explore basic income as a solution to the unemployment expected to result due to further automation of labor. (See, for example, here, here, and here.) Meanwhile, events of just the past few days prove that worries about automation are not going away any time soon: Foxconn (a supplier for Apple and Samsung) reported

The Silicon Valley start-up incubator Y Combinator made international news earlier this year, when it announced plans to fund a five-year study on the effects of a guaranteed basic income. (Basic Income News covered the announcement here.) While this has widely been hailed as a breakthrough for the basic income movement, author Evgeny Morozov takes a critical approach to the